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Sheeni profits fall 65% in 11M

Sheeni profits fall 65% in 11M
Net profit before tax reached EGP 5.77 million in the first 11 months of FY16/17
Sheeni
PRCL
-1.26% 9.41 -0.12

Cairo – Mubasher: The General Company for Ceramic and Porcelain Products’ (Sheeni) profits for the first eleven months of fiscal year 2016/2017 declined 65% year-on-year.

Net profit before tax reached EGP 5.77 million in the first 11 months of FY16/17, compared to EGP 16.53 million for the same period last year, a bourse filing said on Monday.

The company had earlier posted a net profit of EGP 4.3 million for the first nine months of FY16/17.